Elon Musk’s decision to adopt the Kekius Maximus persona on X on December 31 sparked a dramatic rally for the corresponding meme coin, with the ERC-20 token surging 21,660%, according to CoinGecko. Brothers in Arms pic.twitter.com/vIZ8ADrXbo — Kekius Maximus (@elonmusk) December 31, 2024 While multiple Kekius-themed meme coins emerged on Solana, the ERC-20 token Kekius Maximus ($KEKIUS) attracted the majority of investor attention. CoinGecko data revealed the token’s rise , with its market capitalization reaching $343.67 million and 24-hour trading volumes climbing to $219.27 million, representing approximately 64% of the token’s aggregated value. Over 22,000 wallets currently hold $KEKIUS, highlighting its widespread adoption among investors. Kekius Maximus Gains Highlight Meme Coin Frenzy The demand for $KEKIUS remained strong despite its initial climb, with 24-hour gains standing at 110.67%. Although Musk has not revealed any direct affiliation with these meme coins , his adoption of the Kekius character has fueled widespread attention. The origins of this meme can be traced back to @ALX on X , who first shared AI-generated images of multiple characters inspired by the Pepe the Frog cartoon. Kekius Maximus pic.twitter.com/ZLPP0dkmgX — ALX (@alx) December 10, 2024 The frenzy surrounding $KEKIUS also coincided with a noticeable spike in Ethereum gas prices. Data from Etherscan.io showed that on December 31, average gas fees doubled from 5 gwei to 10 gwei, before recently declining to 8 gwei. This surge indicates heightened activity on the Ethereum network, possibly driven by transactions involving $KEKIUS and other related meme coins. Kekius Maximus ($KEKIUS) Momentum Slows as RSI Weakens Despite its impressive gains, $KEKIUS appears to be losing momentum. Uniswap charts expressed in $WETH reveal that the token hit a peak four hours ago before beginning a steady decline. Early buyers are cashing out their massive gains, contributing to a fading uptrend. Source: TradingView / KEKIUSWETH Technical indicators like the Relative Strength Index (RSI) have made lower highs on the hourly chart, signaling weakening momentum despite continued price increases. Investors should exercise caution, as these signals suggest the potential for a larger take-profit move by those who entered long positions earlier. For those looking to buy $KEKIUS, it’s critical to verify the token’s contract address to avoid scams. The proliferation of meme coins—thanks to easy minting protocols like Pump.fun or Solana’s soon-to-be-released Pump Pad—makes identifying legitimate projects increasingly difficult for novice traders. The success of Kekius Maximus has reinvigorated interest in other Pepe-themed assets such as the OG Pepe ($PEPE), Pepe Unchained ($PEPU), and Wall Street Pepe ($WEPE) . These tokens may benefit from the growing popularity of the Kekius meme and its associated coins. Flockerz Presale Brings in $8.4M and Introduces a New Standard for Meme Coins Meme coin projects are proliferating rapidly, but most of them lack the power to build robust communities that can withstand the turmoil that crypto markets experience from time to time. The most successful projects like Dogecoin ($DOGE) and Shiba Inu ($SHIB) have something in common – their fan base is highly engaged and participates regularly on every event and decision made. Flockerz introduces a novel mechanism called vote-to-earn (V2E) that incentivizes holders to cast votes and contribute actively to the community by endorsing proposals. POV: You are entering 2025 with The Flock! pic.twitter.com/rjtpchN4CP — Flockerz (@FlockerzToken) December 31, 2024 To ensure their support, token holders are rewarded in $FLOCK for every vote they cast. Investors have been supporting this innovative approach from the get-go as the $FLOCK presale has raised $8.4 million in just a couple of weeks. The token is currently offered at a discounted price of $0.0065823 that positions investors favorably to generate high returns once the asset is listed. The presale will be active for 20 more days. Once the project goes live, Flockerz will change how meme coin projects build highly engaged communities with a deep sense of belonging. To buy $FLOCK, go to the Flockerz website and connect your wallet to convert USDT or ETH. In addition, you can use a bank card in case you don’t own any crypto at the moment. The time is now to make the most out of the meme coin hype. Don’t wait any longer to become a part of the $FLOCK. The post Kekius Maximus Explodes 21,660% After Elon Musk’s X Post appeared first on Cryptonews .
